Colorado Billionaire To Add 'Hedgie' To Resume

Jan 26 2006 | 7:41pm ET

Thirty-year-old entrepreneur Jared Polis, who has been called one of the richest young Americans, is reportedly readying to launch his own hedge fund. According to an article in the Rocky Mountain News, Polis, along with Joel Citron, expect to launch the fund in the second quarter with $100-200 million in assets under management.

Polis’ office referred phone calls to Citron, who declined to comment on the new venture.

Colorado-native Polis recently sold online retailer Provide Commerce, formerly known as ProFlowers.com, to Liberty Media for $477 million. In 1999, he sold online greeting card publisher BlueMountain.com to Exite@Home for $780 million. 


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...